sans limitation en couverture des provisions techniques
English translation: ... is accepted without limitation as cover for insurance
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| 22:16 Jan 30, 2002 |
| French to English translations [PRO] Bus/Financial - Finance (general) / mutual funds portfolios | |||||
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|  Selected response from: VBaby Local time: 12:14 | ||||
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Answers
4 mins confidence: 
admitted without any limitation to the coverage of the Explanation: technical provisions governing insurance companies. A reading. |
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25 mins confidence:
The mutual fund's coverage is not limited by the technical provisions of insurance companies. Explanation: None. |
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33 mins confidence: peer agreement (net): +1
peer agreement (net): +1phrase Explanation: The mutual fund is accepted without limitations as collateral against the technical provisions of insurance companies. |
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3 days 18 hrs confidence: peer agreement (net): +1
peer agreement (net): +1comment Explanation: I believe VBaby is right, but I am not completely sure if his translation says the same thing I think right. The point is that insurance companies have to create provisions (reserves) for the potential liabilities to policyholders and deposit the amount. For this purpose, investments into cash equivalent securities are preferred, but in addition to being liquid, the security selected shall also be a reliable investment (= government securities, prime issuers). So the sentence only says that this mutual is good enough to meet the (high) requirements of the insurance companies' investments policy. |
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